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Euro Rallies on Upbeat PMIs, Quickly Falls on Coronavirus Headlines

The euro today spiked higher against the US dollar in the early European session following the release of upbeat eurozone PMIs by Markit Economics. However, the EUR/USD currency pair’s rally was short-lived since the pair fell shortly afterwards after news of rising coronavirus infections in South Korea damped investor risk appetite.

Euro Range-Bound on Mixed German and Eurozone GDP Reports

The euro today continued to trade near 3-year lows against the US dollar after the release of mixed GDP data from Germany and the greater euro area. The EUR/USD currency pair extended its losing streak, which has been in place since the start of the year, as the risk-off sentiment dominated the markets in the face of the coronavirus outbreak.

Euro Falls Against Strong Dollar as Coronavirus Fears Persist

The euro today fell against the much stronger US dollar, which was boosted by the upbeat data released on Monday. The EUR/USD currency pair kept falling despite the release of upbeat data from across the euro area as the coronavirus human and economic toll mounted.

Euro Rallies Against the Dollar Ignores Weak Eurozone GDP Data

The euro today rallied to new weekly highs against the US dollar despite multiple disappointing macro reports from across the euro area. The weak dollar primarily drove the EUR/USD currency pair’s rally as US Treasury yields fell dragging the greenback lower.

Euro Rises on German Inflation Data and Flash US GDP Report

The euro today inched higher against the US dollar as it struggled to shake off the selling pressure that has kept the EUR/USD currency pair trading in a tight range. The single currency posted gains in the American session despite the release of mixed German inflation data accompanied by in-line preliminary US Q4 GDP figures.

Euro Rallies on Trade Deal Optimism and Hawkish ECB Strategic Review

The euro today rallied higher against the US dollar driven by upbeat investor risk sentiment in anticipation of the US-China phase one trade deal signing later today. The EUR/USD currency pair’s rally was also spurred by investor expectations that the European Central Bank could turn hawkish in the medium-term after a strategic review.

Euro Range-Bound as Selling Pressure Abates Despite USD Strength

The euro today traded sideways against the US dollar as the selling pressure abated as investors reacted to the calming of tensions between the US and Iran. The EUR/USD currency pair today attempted to rally unsuccessfully and was mostly stuck in slightly negative territory for most of today’s session despite upbeat German industrial data.

Euro Falls on Middle East Tensions, Ignores Upbeat Eurozone Data

The euro today fell against the much stronger US dollar amid heightened political tensions in the Middle East as investors bought the safe-haven greenback. The EUR/USD currency pair was on a downward spiral from the start of the session ignoring upbeat eurozone releases, which accelerated after the release of upbeat US data.

Euro Rallies on German Retail Sales and Euro Area PMIs, Later Falls

The euro today rallied higher against the US dollar in the early European session following the release of upbeat German retail sales data and euro area PMIs. The EUR/USD currency pair later fell as the greenback rallied amid rising US-Iran tensions and the release of upbeat US PMI data by Markit Economics.

Euro Falls Despite Upbeat German IFO and Eurozone CPI Data

The euro today fell against the US dollar in what could only be attributed to technical factors including major resistance levels posed by the 200-day MA. The EUR/USD currency pair kept falling despite the release of upbeat German IFO survey data and inflation data from the eurozone driven by a much stronger dollar.

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